Coinbase USDC interest touches $400 million annually
A Base token is a toll on Coinbase blockspace: sequencer fees + MEV share > ads. $12–34B needs throughput and explicit fee pass-through to holders. With ~40% treasury, make revenue and governance rights real or it’s equity cosplay.
It really highlights the potential of Base and how it could diversify Coinbase’s revenue streams. The estimated market cap range shows there’s a lot of optimism in the market. Excited to see how this unfolds. Base could be a game-changer if Coinbase executes well. $34B potential shows how much upside there still is in crypto infrastructure.
According to crypto experts, the Coinbase’s potential Base token could be worth up to $34 billion, creating a new monetization path alongside USDC yields and onchain trading. The bank estimates Base’s market cap between $12B–$34B, with Coinbase likely holding about 40% of supply, worth $4B–$12B in equity value. Coinbase currently earns around $400M annually from Circle’s USDC reserve interest.
Coinbase looking at BNB hitting new ATHs in recent weeks and like “let’s just copy the playbook.”
- Value predicted to reach up to $34 billion
- Expected as a new revenue source👀
- Yield from $USDC
- On-chain trading - Base’s market cap forecast: $12 billion to $34 billion
- Coinbase’s ownership stake: approximately 40% (equivalent to $4 billion to $12 billion).